LOUISVILLE, CO, Emerging leader in crowdfunded receivables financing, today announced it has raised a Series A investment round of $1.2 million in a combination of equity and warrants.
P2Binvestor, the emerging leader in crowdfunded receivables financing, today announced it has raised a Series A investment round of $1.2 million in a combination of equity and warrants from entrepreneur John Spiers, Rockies Venture Club investors and numerous other investors. P2Binvestor will use the investment to further expand its software platform and increase sales, marketing, finance/credit and business operations to meet market demand for crowdfunded receivables financing. This funding follows the company's August 2012 initial seed investment and is expected to help grow the business to scale.
The P2Binvestor platform offers businesses competitive, efficient access to working capital with the unique marketing benefits inherent in crowdfunding. At the same time it allows investors with whom it has established relationships to buy into a portfolio of business receivables and earn market-based returns.
'Social funding is a fresh, timely way to access working capital and our clients immediately see the benefits of relational, crowd-based funding to their businesses. We are actively looking for companies who are interested in social funding,' said Bruce Morgan, CEO and co-founder, P2Binvestor. 'Bank credit remains tight, as illustrated by the fact that 67 percent of small businesses were unable to secure bank loans in the first quarter of last year.1 At P2Binvestor, we are bringing together like-minded entrepreneurs and investors to support and grow businesses while providing investment returns collateralized by business receivables.'
P2Binvestor has taken the popular peer-to-peer (P2P) lending model and applied it to business receivables. P2Binvestor's innovative people-to-business (P2B) social funding approach offers small business owners competitively-priced working capital loans while offering short-term, asset-backed investment opportunities.
'P2Binvestor is poised to disrupt the $136 billion receivables finance market with crowd-based lending,' said John Spiers, Colorado-based entrepreneur and co-founder of LeftHand Networks and NexGen Storage. 'Many emerging and small businesses are challenged to obtain the short-term working capital needed to grow and flourish. I'm thrilled to see P2Binvestor fill this market gap with an innovative approach that provides businesses with an easy, low cost, relationship-driven way to fund operations and support their success.'
Click to Tweet: Crowdfunding receivables start-up @P2Binvestor receives $1.2 Million Series A Investment https://p2bi.com/
As a new business that leverages technology innovation to benefit small businesses and investors, P2Binvestor will showcase its business model today, September 16, at Denver Startup Week at the Tech Cocktail reception in the McNichols Building. P2Binvestor is vying to be named 'Denver's Hottest Showcasing Startup.' To cast your vote, click here.
P2Binvestor was founded in early 2012 by the father-daughter duo Bruce Morgan and Krista Morgan along with former E*TRADE financial executive, Todd Mackay. Bruce Morgan, a 30-year technology industry veteran, has led numerous technology and software companies including Spatial Technologies, iTi Corporation and MS3D Technologies. Serving as P2Binvestor's chief marketing officer, Krista Morgan is an experienced digital marketing executive who has led worldwide campaigns for companies that include Barclays and Coca Cola's London Olympics campaign. Todd Mackay has advised, grown and led financial technology companies for 20 years and was an officer of E*TRADE during its formidable growth years.
P2Binvestor is headquartered in Denver, Colorado and is currently hiring qualified staff. For employment information, visit the website.
About P2Binvestor
P2Binvestor is the emerging leader in crowdfunded receivables financing. P2Binvestor has taken the popular peer to peer (P2P) lending model and applied it to working capital financing for businesses. P2Binvestor's innovative peer-to-business (P2B) social funding approach delivers an online marketplace that offers small business owners competitively-priced working capital loans. P2Binvestor has been providing businesses' receivables financing since December 2012. For more information, visit
www.p2bi.com, join our Facebook page and/or follow us on Twitter @P2Binvestor.
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